Stock Movers

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Intuit (INTU) shares are down 7.5% in extended trading, after the tax-preparation software company gave a full-year forecast for both adjusted earnings and revenue that was weaker than expected.

- Spyre Therapeutics (SYRE) reported mixed Phase 2 results for SPY072 versus placebo in rheumatoid arthritis, with the drug meeting some but not all primary and secondary endpoints, falling short of the company’s internal bar for monotherapy development.

- Dick's Sporting Goods (DKS) shares fell after reporting second-quarter earnings, with earnings per share, revenue, and same-store sales below expectations. The company's Foot Locker division was described as an "albatross" due to structural issues, including over-dependence on a single struggling vendor and aged mall-based real estate
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostic, Emily Graffeo, Norah Mulinda, Tim Stenovec

- Moderna (MRNA) shares are up after Wolfe Research upgraded the stock to Peer Perform from Underperform without a price target. Shares surged nearly 180% to $174.38 on Aug. 19, after a late-stage trial showed a treatment combining Moderna and Merck's experimental vaccine, intismeran autogene, and Merck's Keytruda was more effective at preventing skin cancer recurrence than Keytruda alone.

- Dick's Sporting Goods (DKS) shares fell after reporting second-quarter earnings, with earnings per share, revenue, and same-store sales below expectations. The company's Foot Locker division was described as an "albatross" due to structural issues, including over-dependence on a single struggling vendor and aged mall-based real estate.

- Target (TGT) shares fell on Tuesday following criticism over a Halloween costume that sparked an apology from the company. The company removed a Halloween clown costume that critics said evoked blackface imagery, with the Chief Merchandising Officer apologizing to employees and vowing to learn from the mistake. The incident is a setback for Target, which had advanced its stock and improved results under new CEO Michael Fiddelke, and is not the company's first controversy over its products.
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On this episode of Stock Movers:
- TurboTax software maker Intuit (INTU) fell 3% ahead of earnings due after market close.
- Crowdstrike (CRWD) shares are experiencing downward pressure. Analysts expect CrowdStrike to report second-quarter revenue of $1.44 billion and earnings of 29 cents per share. The company's record net new ARR growth and AI-security demand are key things investors should focus on from CrowdStrike's report.
- Moderna (MRNA) shares are up after Wolfe Research upgraded the drugmaker to peerperform from underperform, citing the success of its melanoma vaccine trial.
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On this episode of Stock Movers:
-Dick's Sporting Goods (DKS) shares plummet. Dick’s Sporting Goods Inc. sank after the Foot Locker chain it acquired last year continued to struggle, raising doubts about the broader sneaker market. The company now expects net sales to be in a range of $21.9 billion to $22.2 billion in the current fiscal year, down from its previous forecast.
-Uber (UBER) shares rise. Uber Technologies Inc. is rolling out a new safety feature that lets parents or guardians view a video livestream of their teenager’s ride. The feature uses the selfie camera on the driver’s phone and notifies an authorized guardian if a livestream is available for viewing within the Uber app.
-Target (TGT) shares fall. Target apologized on Monday and said it had pulled a Halloween costume from sale depicting a circus ​clown that critics said evoked Blackface and minstrel shows, Reuters reported. “As a company, we know we got this wrong, and we are deeply sorry,” Target said in a statement. “The costume is offensive and should never have ​been part of our assortment.
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On this episode of Stock Movers:
-Zoom (ZM) shares are mixed. Zoom Communications sales are expected to have risen 4.2%, with phone, customer experience and AI monetization augmenting the mature meetings core, Bloomberg Intelligence said. The company’s main growth engine, Enterprise, could gain 6% “fueled by larger, longer-term platform deals, midteens annual recurring revenue growth in Zoom Phone and up-market gains,” BI added.
-Dick's Sporting Goods (DKS) shares plummet. Dick’s Sporting Goods Inc. sank after the Foot Locker chain it acquired last year continued to struggle, raising doubts about the broader sneaker market. The company now expects net sales to be in a range of $21.9 billion to $22.2 billion in the current fiscal year, down from its previous forecast.
-Navitas (NVTS) shares rise after the company announced a definitive agreement to acquire Claros Inc. The transaction is valued at up to about $233 million, based on the per share closing price of Navitas’ stock on Aug. 21, according to a company statement. The deal is comprised of about $216 million to be paid at closing in a combination of cash and shares of the Company’s Class A common stock.
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